Nexo (NEXO) is struggling to gain upward momentum as it remains constrained by clustered EMA and Fibonacci resistance levels. Despite mild accumulation signals, recent inflows have not been sufficient to shift the bearish market bias. The token's price is currently holding at $0.9300, but a breakdown could lead to further declines toward $0.8588. Market activity indicates a tilt towards sellers, with broader sentiment weakening. Nexo has been unable to surpass key resistance zones, and ongoing volatility is reflected in inflow and outflow data. The price remains below major moving averages, maintaining bearish conditions and limiting potential recovery.